Filing Flows › Astrotech (ASTC) › Q1 FY26
Astrotech (ASTC) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 13, 2025
Astrotech (ASTC) reported revenue of $297K for the first quarter fiscal 2026 (Q1 FY26), +774% from a year earlier and +35% from the quarter before.
Astrotech, Q1 FY26: revenue $297K (+774% year over year), net loss $3.5M, operating cash flow −$3.9M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $297K | +35% | +774% |
| Operating profit | −$3.5M | — | — |
| Net earnings | −$3.5M | — | — |
| Operating cash flow | −$3.9M | — | — |
What changed
Revenue was $297K in Q1 FY26, up 774% year over year and up 35% from the previous quarter. Grant was the largest line at 79% of revenue. Service added $21K year over year (up 233%), 8% of the total change. Warranty declined 48%.
Gross margin was 63.3%, up 36.8 points from a year earlier. Operating costs exceeded revenue by $3.5M, an operating margin of -1190.6%. Operating expenses grew 2% against revenue growth of 774%. The quarter ended with a net loss of $3.5M, wider than the previous quarter's $2.9M loss. Non-operating items added $7.0M, 201% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.9M. Non-cash charges added back $236K of depreciation and amortization and $304K of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $448K exceeded it, leaving free cash flow of −$4.4M.
Questions
What was Astrotech's revenue in the first quarter fiscal 2026?
Astrotech (ASTC) reported revenue of $297K for the first quarter fiscal 2026 (Q1 FY26), +774% from a year earlier and +35% from the quarter before.
Source: Astrotech 10-Q on SEC EDGAR.